This, along with the structural tendencies mentioned above might current challenges to gold jewellery demand. It will be crucial for retailers to listen to the latest and key market developments if they’re to determine and pre-empt opportunities. Follow the tip of pandemic restrictions, 2023 has seen improved gold jewellery demand in comparability with 2022. Our Gold Demand Trends report shows a 17% y/y rebound in China’s gold jewelry consumption in H1 . The home jewelry retail business, in value terms, is expected to develop at per cent during the current monetary yr on the back of elevated gold prices, credit standing firm ICRA stated in a report. In the final monetary year, the industry had grown by greater than 15 per cent.ICRA said that demand volumes remained secure within the present festive season despite larger prices.

• The Middle East will stay kind of constant at 9%, whereas Europe’s and Japan’s market share shall be halved and turn out to be less than 4% for Japan, and less than 3% for the most important individual European international locations, Italy and the UK.
• The RapNet Diamond Index (RAPI™) for 1-carat diamonds — reflecting round, D to…
• While Wallace Bishop’s retailer depend lowered by 33 per cent, South Australia-based Shiels Jewellers managed to increase over the previous decade with a major move into Queensland, the place it opened seven shops.
• Currently the company has some 1,500 points of sale in North America, about 500 concept shops, half company-owned and the opposite half operated by franchisees, and 1,000 independent dealers.
• In Makanda for 2 minutes and forty two seconds — longer than anyplace else, in accordance with NASA — and hundreds of visitors flocked to the tiny village to see it.
• The director of GIT anticipates little variation in jewelry exports from the earlier yr, with the sector’s efficiency being driven by gold and gemstone gross sales.